According to recent news, yes. Down another 7.6% in the 2nd quarter. 115 of 150 metro areas saw declines. The west was down 17.4%, the northeast was down 9.6%, the south 4.1% and the midwest down .9%. Foreclosure and short sales accounted for 1/3 of all sales and are the major cause of declining prices. Take away Florida and the south has been pretty close to stable, which is good news for us locally. And with building cost still going up buyers in our area should see some increased equity in the coming years.